Kiwi's wings clipped, could break back below 60 US cents

Kiwi's wings clipped, could break back below 60 US cents
(Image: Gettty)
Rebecca Howard
The New Zealand dollar could head below 60 US cents, weighed by a stronger greenback and a hefty domestic official cash rate cut on Wednesday.It was trading at 60.58 US cents early in Wellington, having dipped as low as 60.55 overnight. It is the lowest it has been in seven weeks. The kiwi has “extended lower in offshore trade, amid a broadly stronger US dollar backdrop”, BNZ senior interest rate strategist Stuart Ritson said. US dollar indexRitson said the US dollar index has retraced more than 50% of its August–Sep...

More Economy

High bar for July rate cut – ASB
Economy

High bar for July rate cut – ASB

July cut can't be ruled out but there is value in waiting, ASB says. 

Rebecca Howard 04 Jun 2025
RBNZ expects rates to go lower
Economy

RBNZ expects rates to go lower

The central forecast and the two alternatives all have rates dipping below 3%. 

Rebecca Howard 03 Jun 2025
RBNZ 25bps rate cut wasn't unanimous
Economy

RBNZ 25bps rate cut wasn't unanimous

The vote was 5 to 1 to cut by 25 basis points. 

Rebecca Howard 28 May 2025
RBNZ cuts, signals more to come
Economy

RBNZ cuts, signals more to come

Risks around the economic outlook are heightened. 

Rebecca Howard 28 May 2025